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Dune Raises $24 Million

Updated Aug. 20, 2002 2:38 p.m. ET

Dune Networks Inc., Agoura Hills, Calif., raised $24 million in first-round financing. Lead investors were Aurum-SBC Ventures, Jerusalem Venture Partners and Pitango Venture Capital. Other investors included Alta Berkeley Venture Partners and Elwin Capital Partners. Dune will use the funding for development and marketing. Dune (www.dunenetworks.com) is a fabless semiconductor company that supplies silicon solutions for communication platforms.